HOME-ARP Rental

The Mississippi Home Corporation received a one-time allocation from The U.S. Department of Housing and Urban Development (HUD) in the amount of $38,094,321.  The HOME-ARP funds can only be utilized to primarily benefit “Qualifying Populations” (QP). HOME-ARP defines qualifying populations as individuals or families that meet one of the following criteria:

• QP-1) Homeless, as defined in section 103(a) of the McKinney-Vento Homeless Assistance Act;
• QP-2) At risk of homelessness, as defined in section 401 of the McKinney-Vento Homeless Assistance Act;
• QP-3) Fleeing, or attempting to flee domestic violence, dating violence, sexual assault, or stalking (as defined by HUD in 24 CFR 5.2003) or human trafficking (as outlined in the Trafficking Victims Protection Act of 2000 as amended [22 USC 7102]; and
• QP-4) Other populations, where providing supportive services or assistance under section 212(a) of the National Affordable Housing Act 42 USC 12472(a) would prevent the family’s homelessness or would serve those with the greatest risk of housing instability.

MHC will allocate $11,428,296 (30%) of its funds for the development of affordable housing MHC will solicit applications for the HOME-ARP development activities from developers, service providers, and/or non-profit organizations who have prior experience developing affordable rental housing. HOME-ARP funds may be used to acquire, rehabilitate, or construct affordable housing primarily for the occupancy of households that meet the definition of a qualifying population.  MHC estimates it can support the development of 80 new units without considering any leverage funds. MHC reviewed the gap for shelter, affordable, and supportive housing, as well as feedback, experience, and input from those working to end homelessness and those who are experiencing homelessness. The analysis of data and feedback from stakeholders revealed a significant need throughout Mississippi for each of the HOME-ARP eligible activities. The development of affordable rental housing and non-congregate shelter can help reduce long-term shelter stays and unsheltered homeless, and provide a safe and affordable place for those with disabling conditions.

Organizations eligible to receive funding through the HOME ARP program are non-profit and for-profit organizations with demonstrated development and capacity in creating, rehabilitating, or preserving affordable housing. Eligible entities will be required to complete a development experience certification.